Crypto Miners Rally as Bitcoin Mining Profits Remain ‘Near Highs’

Posted on by American Coins & Gold

Crypto Miners Rally as Bitcoin Mining Profits Remain ‘Near Highs’
Crypto mining companies, including Marathon Digital and Hut 8, outperformed other crypto-linked stocks on Tuesday, as economics for the miners continues to be lucrative.Shares of crypto miners, which have the highest correlation to the bitcoin price, started November on a bullish tone, tracking gains in the price of the largest cryptocurrency. Bitcoin climbed above $64,000 on Nov. 2, after exiting October near $60,000 levels. Ether, the native token of Ethereum, also rallied to an all-time-high above $4,500.Meanwhile, the Bitcoin network’s hashrate, a measure of mining activity, dropped to about 153 exahash per second from as high as 185 EH/s in…